Market Overview | Fundamental Analysis
Quarantine in China is beginning to show results.
Chinese health officials report that the number of new infections of coronavirus over the weekend has dropped significantly as intensive measures are being taken to limit its spread. The latest reports show a total of 71,200 cases and 1,775 deaths so far, most of them at the virus’s origin, Hubei. There were 2009 new cases on Sunday last week, down from 2,641 the day before and 142 deaths. A total of 50 cases of infection and 4 deaths were reported worldwide. How the virus will hit the Chinese economy is not yet known, although Chinese authorities say there will be no consequences, China’s economy will be able to cope with the problem. But some analysts say that we should expect a slowdown in economic growth from 6% to 4-5% per annum.